Your Local Mortgage Lender
Located in South and North Carolina
Personalized Mortgage Experience
Matt Brady offers personalized service and loan options you'll love. We shop multiple lenders to find the best rate and product for you, getting you into your dream home faster.
With wholesale interest rates and cutting-edge technology, we make the mortgage process seamless. Trust the experts who focus solely on mortgages. Support your local community and experience elite client service.
Let us help you achieve your homeownership dreams!
The Home Loan Process
Mortgage Pre-Approval
Get pre-approved from one of our Loan Officers to see how much you can afford.
House Shopping
Work with a trusted Real Estate Agent to find a home you would like to move into.
Loan Application
Complete your home loan application to get the lending process started.
Don't take my word for it
Mortgage Programs
Experience the best mortgage experience located in Clover,South Carolina.
Home Loan Options
Our experienced mortgage advisors will walk you through the best mortgage loan program that will fit your specific scenario.
Conventional Home Loans.
FHA Home Loans.
USDA Home Loans.
VA Home Loans.
Frequently Asked Questions
How often can I refinance my mortgage?
There is no limit to the number of times you can refinance. However, you must qualify every time you apply and there will be costs associated with closing the loan each time.
Can I buy a home if I do not have money for a down payment?
Yes! There are a number of bond programs that offer low or no down payment financing options.
How do I know which mortgage is right for me?
The key to choosing the right mortgage is to understand the range of options and features available to you, as well as your budget, circumstances, and goals. Our licensed mortgage professionals are here to help you navigate that process. The more you know, the more comfortable and confident you will be choosing the best option for you and your family.
How long will the loan process take?
The Truth in Lending Act (TILA) does not permit a lender to close a loan until at least seven (7) business days have passed from the date your application was received. A typical home loan takes 30 days, as a number of third-party services such as appraisals, title work, and credit are required in conjunction with the mortgage process. Once you familiarize your Loan Officer with the details of your specific loan scenario, they will be able to provide you with a more specific timeline.
Will I qualify for a home loan?
The only way to find out is to speak with a qualified mortgage professional. Our Loan Officers have helped numerous clients who didn’t know if they could qualify to become home owners. We take the time to understand your financial situation and long-term financial goals, and then match you with the loan program that best fits your needs. Your approval for a loan may also largely depend on the price of the home you are financing. Getting pre-qualified prior to beginning your home search can give you an idea of what you may be able to afford.
Why do people refinance their mortgages?
Homeowners typically refinance to save money, either by obtaining a lower interest rate or by reducing the term of their loan. Refinancing is also a way to convert an adjustable loan to a fixed loan or to consolidate debts.
How much money will I have to pay upfront to buy a home?
This question does not have a simple, one-size-fits-all answer. The exact amount will depend on the price of the home you buy as well the type of mortgage financing you choose. Depending on your loan program, your down payment could be as much as 20% of the home’s price or as little as 3%, while some loans require no down payment at all.
Can I get a mortgage after bankruptcy?
You may still qualify for a home loan even if you have experienced a bankruptcy. The best way to find out if you qualify is to talk with a Loan Officer to discuss your options. Be sure to bring all paperwork regarding your bankruptcy so your Loan Officer can find the program that best fits your situation.
Should I lock my interest rate now, or wait until we are closer to our closing?
Interest rates fluctuate all day, every day. If an interest rate is good, it may be in your best interest to lock now. If you wait, you run the risk of an increase in rates later. If you are concerned that rates may go down after you lock, contact your Loan Officer to discuss your options. Some programs allow you to lock for an extended period and choose to lower your rate should a better one become available.
Most Recent Blog Updates
The Mortgage Option Many Buyers Are Overlooking Right Now and Why It Might Fit Your Plan
The Mortgage Option Many Buyers Are Overlooking Right Now and Why It Might Fit Your Plan
The Loan Product Most Buyers Dismiss Before They Understand It
A lot of buyers are scrolling past a mortgage option that could be saving them real money every month. The adjustable-rate mortgage has a reputation problem that is significantly larger than the actual risk of the modern product deserves and that reputation is causing buyers to overlook a tool that in the right situation is genuinely the better choice.
Before you move on this is not the same loan that created problems for families in 2008. Today's ARMs are a different product with different protections and a very different risk profile. Here is what you actually need to know.
What Has Changed Since 2008
The ARMs that contributed to widespread defaults during the housing crisis were products that allowed dramatic and unpredictable rate increases without meaningful limits on how high the rate could go or how quickly. Many were paired with documentation standards that allowed borrowers to qualify for loans they could not realistically support when rates adjusted.
Today's ARM products include adjustment caps that limit how much the rate can increase at each individual adjustment period and over the life of the loan. Borrowers must qualify using documented income under strict lending guidelines. The worst-case payment scenario is calculable before any commitment is made. The risk is bounded and knowable in a way that 2008-era products were not.
When an ARM Actually Makes Sense
The key question for any ARM consideration is not whether the payment is lower today. It is whether the loan structure matches what you actually expect to do with the home over the relevant time horizon.
If you know with reasonable confidence that you are likely to move, refinance, or pay off a significant chunk of the balance within the next five, seven, or ten years an ARM may be an excellent fit. The lower initial rate produces a lower payment during the period you are actually in the loan and you may exit the loan entirely before any adjustment ever occurs.
As Matt Brady explains choosing an ARM because it gives you the lowest payment today without regard for your actual timeline is not a strategy. Choosing an ARM because its fixed period aligns with your realistic plans for the property is a legitimate and financially sound decision that could save you meaningful money over the period you actually hold the loan.
How Matt Brady Reviews ARM Options With Clients
Every time Matt Brady reviews an ARM with a client the conversation covers three specific numbers rather than just the attractive starting payment that initially draws buyers to the product.
The payment today under the initial fixed rate. What happens when the adjustment period ends based on current market conditions. And the possible future payment scenarios including the worst-case adjustment under the loan's applicable caps.
That three-number review is what allows a buyer to make an informed decision about whether the ARM fits their situation rather than simply chasing the lowest rate available without understanding what it could become. A buyer who sees all three numbers and still chooses the ARM is making a decision grounded in complete information. A buyer who sees only the starting payment is making a bet without knowing the odds.
The Best Mortgage Is the One That Fits Your Goals
The thirty-year fixed rate mortgage is the right choice for a lot of buyers. It provides payment certainty and protection against rate movement for the full loan term and for buyers who plan to stay in the home long-term or who prioritize stability over cost optimization it is the appropriate product.
But it is not automatically the right choice for every buyer in every situation. A buyer who is confident they will move or refinance within seven years and who could save $200 to $400 per month with a 7-year ARM compared to a 30-year fixed is leaving real money on the table by defaulting to the fixed product simply because it is more familiar.
The best mortgage is the one that fits your goals your timeline and your specific financial situation. Getting to that answer requires understanding the options rather than dismissing one of them based on a reputation it earned from a version of the product that no longer exists.
Matt Brady works with buyers to evaluate every available mortgage option against their specific goals and timeline and to make sure the loan they choose is the right fit rather than simply the most familiar one. Follow along for more mortgage tips buyers should know before they buy and reach out to Matt Brady to find out which loan structure actually makes the most sense for your situation.
Sources
ConsumerFinancialProtectionBureau.gov
FannieMae.com
MortgageNewsDaily.com
Investopedia.com
BankRate.com
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